Draw a Keynesian Cross Diagram and Show How a Decrease

question 19

Essay

Draw a Keynesian cross diagram and show how a decrease in investment would affect equilibrium output.

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Definitions:

Need for Achievement

A psychological trait that drives an individual to pursue and attain goals, often characterized by determination and ambition.

Internal-External

A dimension in locus of control referring to the degree to which individuals believe they have control over events affecting them (internal) vs. believing external forces are responsible.

External Person

An individual viewed or considered from an external outlook, often in contrast to one's own internal perspective.

Superstitious

Pertaining to or characterized by beliefs or practices resulting from ignorance, fear of the unknown, trust in magic or chance.